EQT Co. (NYSE:EQT) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. lowered its stake in shares of EQT Co. (NYSE:EQT) by 13.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,414 shares of the oil and gas producer’s stock after selling 1,152 shares during the period. Wesbanco Bank Inc.’s holdings in EQT were worth $396,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQT. Parkside Financial Bank & Trust increased its holdings in EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 193 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after purchasing an additional 205 shares in the last quarter. Generali Investments Management Co LLC boosted its stake in shares of EQT by 14.1% during the 1st quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer’s stock valued at $91,000 after buying an additional 211 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of EQT by 4.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock worth $218,000 after buying an additional 223 shares in the last quarter. Finally, Huntington National Bank grew its position in shares of EQT by 7.4% during the fourth quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer’s stock worth $151,000 after buying an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

EQT stock opened at $53.68 on Wednesday. The firm has a 50 day moving average of $52.63 and a two-hundred day moving average of $50.43. EQT Co. has a 12 month low of $30.02 and a 12 month high of $57.37. The company has a market capitalization of $32.13 billion, a price-to-earnings ratio of 134.20, a P/E/G ratio of 0.64 and a beta of 0.65. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, equities analysts anticipate that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were paid a dividend of $0.1575 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.17%. EQT’s dividend payout ratio (DPR) is presently 110.53%.

Analysts Set New Price Targets

EQT has been the topic of several recent analyst reports. UBS Group raised shares of EQT from a “neutral” rating to a “buy” rating and upped their price target for the company from $54.00 to $64.00 in a report on Monday, May 5th. Morgan Stanley upped their target price on shares of EQT from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Scotiabank reiterated a “sector perform” rating and issued a $62.00 price target (up from $57.00) on shares of EQT in a research note on Thursday, May 22nd. Finally, Piper Sandler upped their price objective on EQT from $35.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $57.11.

EQT Profile

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.